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subprime: Why Does Hawaii Have Fewer Foreclosures? - 02/15/08 12:46 AM
I sat in a Broker's Forum last week.  One of the speakers was the economist from Bank of Hawaii, Paul Brewbaker.
He said something I did not expect to hear.  Well let me start by sharing a little background for my surprise first.  For the last year or so, bankruptcies have been up nationwide in most markets.  Hawaii has consistently been among the lowest.  In my practice I rarely see buyers doing sub-prime, ARMS, stated income/ stated assets, 1% negative amortization or such.  I assumed that in Hawaii we had fewer foreclosures because we write less subprime loans.
After sharing his statistics and … (46 comments)

 
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Randy L. Prothero - Hawaii REALTOR® (808) 384-5645

Mililani, HI

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Century 21 Liberty Homes

Address: 95-221 Kipapa Dr., E3, Mililani, HI, 96789

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